The StockBrokers.com annual broker review assesses more than a dozen different brokers over six months, surfacing the best online stock brokers. This review compares Ally Invest vs TD Ameritrade. Is Ally Invest or TD Ameritrade a better online broker?
First, we will make a comparison of the stock and option trading fees for trading with both brokers. Ally Invest and TD Ameritrade both cost $0 per trade. Looking at options, the base fees charged are the same for both brokers, $0. Each option contract then costs $0.65 at TD Ameritrade and $0.50 at Ally Invest. Note that some brokers charge a per-share fee instead of a flat-fee commission. For a full breakdown of commissions, read our online broker reviews.
For our next comparison of these two brokers, being able to trade the way you want is a must. TD Ameritrade provides its clients with Stock Trading, Options Trading, Mutual Funds, Forex Trading and Futures Trading while Ally Invest provides clients access to Stock Trading, Options Trading, Mutual Funds and Forex Trading. When it comes to mutual funds, Ally Invest boasts an offering of 18728 mutual funds compared to TD Ameritrade's 11949 available funds.
Last but not least, by breaking down important features, tools, etc that each broker offers, we can really help to separate the two. TD Ameritrade has virtual trading, Ally Invest doesn't. For mobile trading, Ally Invest and TD Ameritrade both have a iPhone App, iPad App and Android App. Furthermore, some investors like to bank online, and multiple brokerages provide these services to clients. Clients can have Checking Accounts, Debit Cards and Credit Cards at TD Ameritrade while customers at Ally Invest can have Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans.
Overall, between Ally Invest and TD Ameritrade, TD Ameritrade is the winner.
Ally Invest Review
TD Ameritrade Review